Remi, an Egyptian-founded FinTech based in the UAE, has secured a grant of approximately USD 135,000 from the Stellar Community Fund. Founded in the cross-border payments infrastructure startup connects financial institutions to local payout rails. The newly acquired funding will be dedicated to developing a confidential settlement layer on the Stellar blockchain specifically designed for banks, exchange houses, and payment service providers.
The primary objective of this project is to address a critical hurdle in institutional blockchain adoption: balancing public ledger efficiency with transaction privacy and regulatory compliance. Public blockchains inherently expose sensitive transaction data, creating a fundamental barrier for regulated financial entities. Remi aims to bridge this gap by establishing an infrastructure that protects sensitive data while ensuring authorised parties can maintain compliance visibility
when required.
To secure this privacy, Remi’s settlement layer will encrypt transaction amounts and account balances directly on-chain, using zero-knowledge proofs to validate transfers without exposing the numbers. For regulatory compliance, the protocol will feature a function where new accounts escrow a viewing key. This allows authorised auditors to unlock specific transfers in an investigation without compromising the account’s entire transaction history. Furthermore, Remi will sponsor network fees in the background so participating institutions do not need to hold or manage cryptocurrency.
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